FPCCI for value addition in textile sector to encourage exports
President FPCCI says country lags behind in value addition which is a reason behind unemployment and lower volume of exports.
The Federation of Pakistan Chambers of Commerce and Industry has urged the government to make a detailed plan to stimulate value addition in textiles and other sectors to encourage exports and employment after award of GSP Plus.
Speaking to the business community‚ President FPCCI‚ Zubair Ahmad Malik said in Islamabad that country lags behind in value addition which is a reason behind unemployment and lower volume of exports.
Textile sector should be a priority which contributes 8 per cent to GDP‚ 54 per cent to exports‚ produces 24 percent of industrial value-added products‚ employs 40 percent of urban labour and absorbs 40 percent of bank credit‚ he added.
He said that apart from textiles‚ allied industry needs special attention of the policy makers to improve its performance which will increase exports from the country.